Urban Homesteading Assistance U-Hab

Analysis

Urban Homesteading Assistance U-Hab is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1978, 48 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Urban Homesteading Assistance U-Hab reported income of $4.5m and spending of $4.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $4.5m (+54%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 32%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Urban Homesteading Assistance U-Hab sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Calvary Womens Services Inc ($4.5m), Jas Non Profit Housing Corporation VI ($4.5m) and Cross Roads House Inc ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $392k (8.8% of expenses). Other salaries and wages came to $1.9m. It paid $34k in professional fundraising fees. At year end it held assets of $28.4m against liabilities of $21.4m, net assets of $7.0m. It reported 42 employees.